Tag Archives: Islamic Finance

The novel COVID-19 virus has caused an economic shock three times worse than the 2008 financial crisis. It has been a crisis like no other shutting shops and schools, closing borders and putting half of humanity under some form of …

The core of Islamic finance is non-interest-bearing Islamic banks. Theories related to Islamic banks originated in Pakistan, which is a second largest Muslim country, and an important member of the Muslim world. Pakistan has participated extensively in the development process …

For centuries, there was no need for Islamic finance as there was no financial system existed to “Islamize.” Up until the second half of the 19th century, the vast majority of the Muslim population around the world was unbanked and …

Good time to target tech-savvy people and to identify protection and concept of Takaful Interview with Muhammad Nasir Ali Syed — CEO, Pak-Qatar General Takaful Limited PAGE: Tell me something about yourself and your organization, please: Muhammad Nasir Ali Syed: I …

Interview with Mr Hamad Rasool Bhullar – an analyst PAGE: Tell me something about yourself and your career, please: Hamad Rasool Bhullar: I am a freelance consultant/trainer and financial advisor with special reference to ethical and Islamic Financial System, for almost …

Islamic Banking In Pakistan (As of December 30, 2020) Type Bank Name Azad Kashmir Baluchistan Federal Capital Gilgit- Baltistan KPK* Punjab Sindh Grand Total Islamic Banks AlBaraka Bank (Pakistan) Ltd. 3 6 6 3 16 100 47 181 BankIslami Pakistan …

The sun of 2021 has risen for the remnants of the Corona catastrophe and even in 2021 the fading shadows on economics, finance and banking still remain. The year 2020 was not encouraging to Islamic banking and finance industry rather …

Interview with Mohammad Shoaib (CFA) – CEO, Al Meezan Investment Management Limited PAGE: Tell me something about yourself and your organization: Mohammad Shoaib: I am the founding CEO of Al Meezan Investment Management Limited, the first and the only full-fledged Shariah …

Islamic finance can find rich social grounds for its growth and expansion in Pakistan and as this sector dominate Shariah-compliant services needed to be diversified. Noncompliance of Islamic law can result in withdrawal of funds from an Islamic bank. Hence, …

Islam is more than a religion. It is also a code of life that deals with social, economic, and political matters. Every Muslim is expected to live according to the Islamic code, or Shariah. Each issue addressed under Shariah is …

Meezan Bank has been selected for Overseas Pakistani Saving Scheme under the pandemic stress time Interview with Mr. Irfan Siddiqui — President and CEO, Meezan Bank Limited PAGE: Tell me something about Meezan Bank, please: Irfan Siddiqui: Meezan Bank was established …

Client Wise Financing Portfolio (% Share) Sector Dec-18 Sep-19 Dec-19 Industry Corporate 74.3 73.6 74.6 71.7 SMEs 3.7 3.3 3.5 5.4 Agriculture 0.3 0.4 0.4 3.9 Consumer Financing 10.1 10.4 9.9 6.4 Commodity Financing 10.5 11.0 10.1 9.0 Staff Financing …